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- Tasks: Join our Asset Risk team to analyse and manage risks in electricity distribution.
- Company: National Grid powers over 8 million people, focusing on clean and affordable energy.
- Benefits: Enjoy hybrid working, a company vehicle, and opportunities for professional growth.
- Why this job: Be a key player in shaping risk management strategies that impact communities positively.
- Qualifications: Degree in Maths, Data Science, or Engineering; coding skills in Python and SQL preferred.
- Other info: Full UK driving licence is preferred but not essential; DBS check required.
The predicted salary is between 36000 - 60000 ÂŁ per year.
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This range is provided by National Grid. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
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Recruitment Business Partner at National Grid
Job Introduction
National Grid Electricity Distribution (NGED) are building an Asset Risk team and we’re looking for two Asset Risk Specialists to join the team as subject matter experts in Asset Risk.
Reporting to the Asset Risk Manager you will implement and update an integrated asset risk management framework (IARMF) for NGED. The IARMF provides a common risk currency to understand the levels of risk associated with electricity distribution assets across 6 categories. Working with the business in particular Asset Management, Local NGED and wider National Grid Electricity Transmission teams you’ll gain insight into 6 risk consequence categories and how these can give a complete view of the risk across multiple asset classes on the Distribution Network.
Using your expertise, you’ll have professional targeted discussions, analyse risks as well as identify, describe and estimate the asset risks affecting the business in a common currency. As the asset risk subject matter expert, you will provide insight for the Asset Management teams to enable effective risk-based decision making when formulating multimillion pound investment plans.
The role can be based at location within our licence areas of East Midlands, West Midlands, South West or Wales. We offer hybrid working of 1-2 days in the office/depot. A company vehicle will be provided as it expected that the role will require travel throughout the NGED footprint. Consideration will also be given to candidates that would prefer to use public transport.
Main Responsibilities
- Subject Matter Expert for Asset Risk within National Grid Electricity Distribution completing technical risk assessments and the development of fit for purpose risk management strategies.
- Designing templates and data capture tools to enable and carry out risk assessments on a range of different assets within the business.
- Evaluating risk by comparing estimated risks with criteria established by the organisation such as costs, legal requirements and environmental factors.
- Assessing asset risk against the organisation\’s \’asset risk appetite\’, i.e. the level of risk we are prepared to accept
- Producing a regular communication for the Asset Management and Field Operations Leadership teams that reports risk in an appropriate way for different audiences.
- Assess the controls identified within “bowtie” analysis and undertake audits of policy and compliance to standards, including liaison with internal and external auditors.
- Ensuring the Integrated Asset Risk Management Framework is effectively populated and implemented.
- Proactively advocate the Integrated Asset Risk Management Framework, ensuring awareness and adoption.
- Carrying out reviews to compare assessed asset risk levels with asset performance metrics, and where necessary investigate sources of discrepancy and take appropriate action to improve the framework.
- Own the escalation asset risks being outside risk appetite using the agreed process.
- Ensure risks requiring further mitigation are transferred into the integrated planning process.
- Develop models (e.g. degradation models, Health and Criticality matrix’s) to ensure the outputs can map into the Integrated Asset Risk Management Framework.
- Provide the data and analysis for a quarterly Asset Risk Report to Exec level with narrative and insights, using leading and lagging indicators as appropriate.
- Developing strong relationships with stakeholders at all levels. Regularly engage with key stakeholders, ensuring they have appropriate output from the Integrated Asset Risk Management Framework to enable them to make effective decisions.
- Provide support, education and training to staff to build risk awareness within the organisation.
Ideal Candidate
- Maths, Data Science or Engineering degree or equivalent experience
- Experience operating in an environment with high asset volumes across multiple different asset classes
- Experience using coding languages such as Python and SQL
- Experience implementing and utilising risk strategies and implementing risk controls
- Excellent data analysis skills
- Experience conducting risk analysis and monitoring and reporting risks
- Experience carrying out audits on policies and compliance with policy
- Proficient in the use of Microsoft Office applications including Word/Excel
- Building professional relationships
- Excellent communication and interpersonal skills including report writing, presentation skills and an ability to communicate at all levels.
- Full UK Driving licence preferred but not essential
National Grid Electricity Distribution is committed to safeguarding the interests of the Company, colleagues and customers. This role is subject to a satisfactory Barring Service, (DBS) check, depending on the role different levels of screening and vetting are required. Some roles require a triannual check.
About Us
We’re National Grid Electricity Distribution (NGED), the owner and operator behind the electricity distribution systems for the Midlands, the Southwest of England and South Wales. Serving communities of more than 8 million people, our expert teams deliver heat, light and power for homes and businesses.
National Grid employs over 29,000 people worldwide. We are building an inclusive workplace, a place to actively celebrate the cultures, personalities and preferences of our colleagues – who in turn help to build the success of our business and reflect the diversity of the communities we serve. Our vision is to be at the heart of a clean, fair and affordable energy future and we are doing this in a fast-moving industry with an increasing focus on tackling climate change, exploring new energy sources that are renewable, low carbon, and improve efficiency to meet demand.
Seniority level
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Seniority level
Associate
Employment type
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Employment type
Full-time
Job function
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Job function
Engineering, Manufacturing, and Other
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Industries
Utilities, Electric Power Transmission, Control, and Distribution, and Engines and Power Transmission Equipment Manufacturing
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Asset Risk Specialist employer: National Grid
Contact Detail:
National Grid Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Asset Risk Specialist
✨Tip Number 1
Familiarise yourself with the Integrated Asset Risk Management Framework (IARMF) that National Grid uses. Understanding this framework will not only help you in interviews but also demonstrate your proactive approach and genuine interest in the role.
✨Tip Number 2
Network with current employees at National Grid, especially those in the Asset Risk team. Engaging with them can provide valuable insights into the company culture and expectations, which can be a great advantage during the interview process.
✨Tip Number 3
Brush up on your data analysis skills, particularly in Python and SQL. Being able to discuss your experience with these tools confidently can set you apart from other candidates and show that you're ready to tackle the technical aspects of the job.
✨Tip Number 4
Prepare to discuss real-world examples of risk assessment and management strategies you've implemented in previous roles. This will showcase your expertise and ability to contribute effectively to the Asset Risk team at National Grid.
We think you need these skills to ace Asset Risk Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Asset Risk Specialist role. Focus on your expertise in risk management, data analysis, and any coding languages like Python or SQL that you possess.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses why you are a great fit for National Grid. Mention your understanding of asset risk management frameworks and how your background can contribute to their goals.
Showcase Relevant Experience: In your application, emphasise any previous roles where you conducted risk assessments or audits. Provide examples of how you've successfully implemented risk strategies or improved processes in past positions.
Highlight Communication Skills: Since the role involves engaging with stakeholders, make sure to illustrate your communication skills. Include examples of report writing, presentations, or training sessions you've led to demonstrate your ability to convey complex information effectively.
How to prepare for a job interview at National Grid
✨Understand the Integrated Asset Risk Management Framework
Familiarise yourself with the Integrated Asset Risk Management Framework (IARMF) that National Grid uses. Be prepared to discuss how you can contribute to its implementation and updates, as well as your understanding of risk management strategies.
✨Showcase Your Technical Skills
Highlight your experience with coding languages like Python and SQL, as well as your data analysis skills. Be ready to provide examples of how you've used these skills in previous roles, particularly in risk assessment and management.
✨Prepare for Stakeholder Engagement Scenarios
Since building relationships with stakeholders is crucial, think of examples where you've successfully engaged with different teams or departments. Be ready to discuss how you would communicate complex risk information to various audiences.
✨Demonstrate Your Audit Experience
Be prepared to talk about your experience conducting audits on policies and compliance. Discuss specific instances where your findings led to improvements in risk management or policy adherence, showcasing your attention to detail and analytical skills.